THE COMMUNITY FOUNDATION FOR SOUTH… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

TINA BARBER

Phone

6077726773

Tax Period

2024-01-01 to 2024-12-31

THE COMMUNITY FOUNDATION FOR SOUTH CENTRAL NEW YORK INC, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.6M in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 24% operating margin.

Mission

THE COMMUNITY FOUNDATION OFFERS CARING INDIVIDUALS AN EFFECTIVE WAY TO ENDOW THEIR COMMUNITY IN A MANNER THAT IS RESPONSIBLE, RESPONSIVE, AND LASTING.

Program Service Accomplishments

Program 1

Expenses: $3,464,224

THE FOUNDATION PROVIDES CHARITABLE GRANTS AND SCHOLARSHIPS IN BROOME, CHENANGO, DELAWARE, OTSEGO AND TIOGA COUNTIES. SEE SCHEDULE I. IN 2024, THE FOUNDATION AWARDED 504 GRANTS AND 94 SCHOLARSHIPS.

Program 2

Expenses: $105,550

THE FOUNDATION PROVIDES COMMUNITY EDUCATION AND INVOLVEMENT RELATING TO THE NEED FOR CHARITABLE GIVING AND PHILANTHROPY AND METHODS AVAILABLE TO FACILITATE CHARITABLE PARTICIPATION. DURING 2024, THE FOUNDATION'S EVENTS INCLUDED VIRTUAL AND IN-PERSON GRANTEE EDUCATION WORKSHOPS AND VARIOUS OTHER VIRTUAL EVENTS AS WELL AS A FALL DONOR EVENT.

Program 3

Expenses: $57,648

THE FOUNDATION MANAGES THE CHARITABLE FUNDS THAT IT HOLDS. THE FOUNDATION MAINTAINS RELATIONS WITH CURRENT FUND HOLDERS AND ANSWERS QUESTIONS ABOUT FUND BALANCES, SPENDING POLICY AMOUNTS AND RETURNS...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,032,510

Program Service Revenue $0

Investment Income $3,590,057

Other Revenue $5,843

TOTAL REVENUE $5,628,410

Expense Breakdown

Grants Paid $3,329,826

Salaries & Benefits $518,034

Fundraising Expenses $179,448

Program Expenses $3,627,422

Other Expenses $454,549

TOTAL EXPENSES $4,302,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,628,410	$11,533,253	-0.5%
Expenses	$4,302,409	$4,140,578	+0.0%
Net Income	$1,326,001	$7,392,675	-0.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$153,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK S GORGOS	CHAIR	1.00	Officer Director	$0	$0	$0
SHAWN WOLBERT	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
PAUL F WOOD	TREASURER	1.00	Officer Director	$0	$0	$0
KERSTIN M DRISCOLL-WITT	SECRETARY	1.00	Officer Director	$0	$0	$0
ABBEY ORTU	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN SASTRI	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMYE L MILASI	BOARD MEMBER	1.00	Director	$0	$0	$0
RAJESH DAVE MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA LAWSON	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA PIPHER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ANTHONY HAWKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN A BURTIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LAURA BRONSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG LAMONICA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN BUCHERT	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA M BARBER	EXECUTIVE DIRECTOR	35.00	Officer	$131,715	$21,350	$153,065

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$5,628,410	$4,302,409	$46,008,094	$1,326,001
2023	$11,533,253	$4,140,578	$43,763,336	$7,392,675
2022	$3,449,622	$3,158,756	$34,655,769	$290,866
2021	$5,470,617	$2,985,852	$38,641,044	$2,484,765
2020	$3,923,484	$3,221,075	$34,146,009	$702,409
2019	$6,594,953	$3,018,051	$30,567,767	$3,576,902
2018	$3,127,428	$2,412,476	$23,530,073	$714,952

THE COMMUNITY FOUNDATION FOR SOUTH CENTRAL NEW YORK INC